Corre-linked funds trim NN Inc (NNBR) stake with 703K-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc (NNBR) saw significant insider selling by funds managed by Corre Partners. Corre Opportunities Qualified Master Fund, LP and Corre Horizon Fund, LP, through entities including Corre Partners Management, LLC and Corre Partners Advisors LLC, executed six open-market sales of common stock over three days.
From April 23–27, 2026, the funds sold a total of 703,669 shares at weighted average prices between $2.51 and $2.69, across price ranges disclosed in the footnotes. After these transactions, the reported positions still held hundreds of thousands to several million NN Inc shares indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 703,669 shares ($1,882,704)
Net Sell
6 txns
Insider
Corre Partners Management, LLC, Corre Partners Advisors LLC, Corre Opportunities Qualified Master Fund, LP
Role
null | null | null
Sold
703,669 shs ($1.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 99,745 | $2.6295 | $262K |
| Sale | Common Stock, par value $0.01 per share | 36,420 | $2.6295 | $96K |
| Sale | Common Stock, par value $0.01 per share | 8,936 | $2.5138 | $22K |
| Sale | Common Stock, par value $0.01 per share | 3,263 | $2.5138 | $8K |
| Sale | Common Stock, par value $0.01 per share | 406,779 | $2.6904 | $1.09M |
| Sale | Common Stock, par value $0.01 per share | 148,526 | $2.6904 | $400K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,195,971 shares (Indirect, Footnote)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.49 to $2.88. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.50 to $2.54. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions within the range of $2.52 to $2.7099. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The reported securities are directly owned by Corre Opportunities Qualified Master Fund, LP (the "Qualified Master Fund"). The reported securities may be deemed beneficially owned by Corre Partners Management, LLC ("Corre"), the investment manager of the Qualified Master Fund, Corre Partners Advisors, LLC ("Corre GP"), the general partner of the Qualified Master Fund, and John Barrett, the managing member of Corre and Corre GP, each a Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. The reported securities are directly owned by Corre Horizon Fund, LP (the "Partnership"). The reported securities may be deemed beneficially owned by Corre, the investment manager of the Partnership, Corre GP, the general partner of the Partnership, and John Barrett, the managing member of Corre and Corre GP, each a Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Total shares sold: 703,669 shares
April 27 sale block 1: 36,420 shares at $2.6295
April 27 sale block 2: 99,745 shares at $2.6295
+4 more
7 metrics
Total shares sold
703,669 shares
Aggregate insider sales from April 23–27, 2026
April 27 sale block 1
36,420 shares at $2.6295
Open-market sale of NNBR common stock
April 27 sale block 2
99,745 shares at $2.6295
Open-market sale of NNBR common stock
April 24 sale blocks
3,263 and 8,936 shares at $2.5138
Two open-market sales of NNBR common stock
April 23 sale blocks
148,526 and 406,779 shares at $2.6904
Two open-market sales of NNBR common stock
Post-sale holding 1
372,744 shares
Indirect holding following April 27, 2026 transaction
Post-sale holding 2
4,195,971 shares
Indirect holding following April 27, 2026 transaction
Key Terms
weighted average price, open-market sale, ten percent owner, pecuniary interest, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale" for each common stock transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
ten percent owner financial
"each reporting person is marked as is_ten_percent_owner: 1"
pecuniary interest financial
"Each Reporting Person disclaims beneficial ownership ... except to the extent of its pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider activity did NN Inc (NNBR) report in this Form 4?
NN Inc reported multiple open-market share sales by investment funds associated with Corre Partners. Over three days, these funds sold 703,669 shares of common stock while remaining significant indirect shareholders in the company.
What prices did the NNBR insider sales occur at in this filing?
The NNBR shares were sold at weighted average prices around $2.51–$2.69. Footnotes explain the trades occurred in multiple executions within price ranges from $2.49 to $2.88, $2.50 to $2.54, and $2.52 to $2.7099.
Who executed the NNBR insider sales disclosed in this Form 4?
The sales were executed by Corre Opportunities Qualified Master Fund, LP and Corre Horizon Fund, LP. Management entities Corre Partners Management, LLC and Corre Partners Advisors LLC may be deemed beneficial owners but disclaim ownership beyond their pecuniary interest.